Sentences with phrase «tax abatement program»

In the months leading up to a state - imposed negotiations deadline in January, the Real Estate Board of New York and union leaders came tantalizingly close to coming up with a deal to renew 421a, the controversial tax abatement program for new developments.

He said negotiations failed around three major issues, including raising the age of criminal responsibility from 16 to 18, a potential cost shift from public schools to charter schools and a real estate tax abatement program in New York City.

Mayor Bill de Blasio is teaming up with the real estate industry to make some changes to the controversial tax abatement program known as 421 - a.

Those issues include renewing mayoral control of schools, extending rent protections and reforming the controversial tax abatement program known as 421 - a.

payments under a property tax abatement program offered by the IDA, which will pump almost $ 300,000 a year into the improvement fund.

Cuomo and de Blasio have clashed over funding for the city's universal pre-K rollout, reforms to a real estate tax abatement program, the response to the Legionnaires» disease outbreak and more.

Mr. Dorego hired an army of lobbyists that eclipsed the contingents from either of real estate's two most powerful trade groups — the Real Estate Board and the Rent Stabilization Association — ensuring he had the ear of state officials who oversee important housing rules, including a lucrative tax abatement program set to expire next month.

The Empire State Forest Products Association, The Nature Conservancy and a bi-partisan group of state lawmakers as well as over 20 industry and conservation groups, have called on Cuomo to fulfill his promise to reform the Forest Tax Abatement Program in the 2018 State Budget.

For the city's decades - old tax abatement program for developers, 421 - a will see a four - year extension if the real estate industry and labor come to an agreement over wages for construction workers involved in those projects.

The Assembly bill would also extend a host of other laws and tax abatement programs affecting coop and condo owners, loft tenants, developers and businesses.

He says his plan will be modeled on other successful tax abatement programs in other states.

The reform legislation we secured remains the basis of the current 421 - a negotiations that we are hopeful will revive this critical tax abatement program and spur the development of affordable housing our city desperately needs.»

«Until we have a smart, effective tax abatement program that incentivizes affordable housing across market types, we'll see luxury condos being built in the hottest neighborhoods instead of the rental housing we so badly need,» spokesman Austin Finan said.

Supporters of reforming the state's Forest Tax Abatement Program say the measure will help bolster the local economy while also safeguarding against climate change.

Mr. de Blasio's plan would require developers throughout the city to set aside 25 to 30 percent of a project's apartments for poor and working - class residents in return for city tax breaks, a substantial change from the existing tax abatement program, known as 421 - a.

Start - up New York as well as local tax abatement programs give us the competitive edge.

The 421a tax abatement program for real estate developers will also be extended for six months.

Ask our agents about buildings with tax abatement programs and you could find a great deal on your new home.

Incentives include state and local sales tax exemption, mortgage recording tax exemption, tax exempt bond financing and a real property tax abatement program.

That a four - decade - old tax abatement program — one that helped subsidize the construction of this 1,000 - foot - tall tower, where a unit recently sold for $ 100 million — be eliminated.

In Albany, there has been talk of a straight extender of the current 421a tax abatement program, which expires June 15.

Cuomo, who has been compared by detractors to anti-union Wisconsin governor Scott Walker, has gone so far as to champion unions in the fight over extending the 421 - tax abatement program in order to denigrate de Blasio as a handmaiden of the downstate real estate industry (which, ironically, has contributed heavily to Cuomo's political committee).

De Blasio's last housing fight led him in June to angrily accuse Gov. Andrew M. Cuomo of carrying out a «vendetta» when whey clashed on the mayor's efforts to amend a real estate tax abatement program and win stronger rent control laws.

Mayor Bill de Blasio's proposed changes to a controversial tax abatement program would strengthen a requirement that service workers such as lobby attendants and maintenance staff be paid a prevailing wage, according to a legislative memorandum obtained by Capital.

However, it's premature to call the budget a done deal, as there is no revenue bill, and when there is one, it will include all the sticky wicket items — like education spending, raise the age and the 421 - a tax abatement program.

Cuomo has come out strongly in favor of the unions in the 421a debate and has made clear that he won't approve any tax abatement program unless it's deemed a «fair deal by organized labor and by the building trades.»

It has strong positions on several issues sunsetting in June, including the 421a and J - 51 tax abatement programs as well as rent control in New York City, which developers oppose expanding.

New York City's major developers are taking to the airwaves as the debate over renewing a tax abatement program known as 421 - a heats up.

ALBANY — With a Monday deadline looming, state legislators introduced three bills adjusting the 421 - a tax abatement program and rent regulations affecting millions of tenants in New York City.

The comptroller is currently auditing the Cuomo Administration's contracts with advertising firms that were paid millions of dollars in state funds to air ads promoting New York's Open for Business campaign, and a tax abatement program to attract new start - up businesses.

The state Legislature has sway over key real estate laws affecting Glenwood, including the 421 - a tax abatement program and rent regulation in New York City.

Caught in the middle are a host of issues affecting 8.5 million residents of New York City such as mayoral control of schools, the expansion of charter schools and the most recent hot - button issue between the two men — the controversial 421 - a tax abatement program.

ALBANY — Governor Andrew Cuomo and the leaders of both houses of the State Legislature announced a «framework» for a deal Tuesday on several outstanding issues, including rent regulations, the 421 - a tax abatement program, mayoral control of New York City's schools and the education tax credit.

ALBANY — Hundreds of construction workers rallied on the steps of the Capitol on Tuesday, blasting the mayor of New York City and urging state lawmakers to attach a prevailing wage provision to any renewal of the 421 - a tax abatement program.

ALBANY — New York City mayor Bill de Blasio chided the State Senate and Governor Andrew Cuomo on Wednesday for what he said was their lack of leadership on his proposed reforms to rent regulations and the controversial 421 - a tax abatement program.

ALBANY — With a deadline looming, Republican state senators are finally breaking their silence on the 421 - a tax abatement program set to expire in two weeks.

Mayor Bill de Blasio has drawn the ire of the national AFL - CIO for his refusal to support a prevailing wage requirement for construction workers in a controversial tax abatement program that's up for renewal.

It was a rare moment of bluntness in what was previously a behind - closed - doors feud, one that industry insiders say is terrible for business and the cause of major headaches such as the death of the 421a tax abatement program and delays in the issuance of state - backed housing bonds.

Major details of the agreement are still unknown, including how a new threshold for major capital improvements for landlords would work, and whether a six - month extension of the 421 - a tax abatement program is a straight extension or hews more closely to an earlier idea proposed by New York City Mayor Bill de Blasio.

With tomorrow's deadline looming, state legislators introduced three bills adjusting the 421 - a tax abatement program and rent regulations affecting millions of tenants in New York City.

Also up for discussion is the controversial 421 - a tax abatement program, which has been a boon to big NYC developers, who, in turn, have given big bucks across the board in Albany.

Senator Gustavo Rivera said reforms to rent regulations and the 421 - a tax abatement program don't go far enough.

Nearly one third of the members of the state Assembly have signed onto a letter calling on their colleagues to let the 421 - a tax abatement program expire if substantial changes are not made to New York City's rent laws.

The mayor was also asked about the fate of his affordable housing plan if the 421a tax abatement program for real estate developers lapses.

Gov. Andrew Cuomo's top issues for the remainder of the session: Ethics reform, a «plan» to combat heroin abuse, a statewide cancer screening and prevention program and a replacement for the 421 - a tax abatement program that expired earlier this year.

Cuomo insisted he can work productively with the mayor on combatting homelessness despite their long - running feud, and he said one of their biggest challenges is the expiration of the 4231 - a tax abatement program to incentivize affordable housing development in NYC.

The Comptroller is currently auditing the Cuomo Administration's contracts with advertising firms that were paid millions of dollars in state funds to air ads promoting New York's Open for Business campaign, and a tax abatement program to attract new start - up businesses.

Charles Bendit, co-CEO of Taconic Investment Partners, said that the proposal «seems reasonable» and a welcome step toward restoring the tax abatement program.